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Operational Risk Manager Jobs in Norwalk, CT (NOW HIRING)

Betterment

Risk Manager

New York, NY · Hybrid

$140K - $155K/yr

The team partners closely with Engineering and with other risk disciplines including Security, Compliance, Legal, and Operations. As a Risk Manager, you will own a portfolio of risk processes ...

New

Jump Trading

Risk Manager | Equities

New York, NY · On-site

The department manages moment-to-moment risk for all trading teams and is responsible for ... Serve as the NYC go-to operational risk partner: set and monitor exposure limits and guardrails ...

Betterment

Risk Manager

New York, NY · On-site

$140K - $155K/yr

The team partners closely with Engineering and with other risk disciplines including Security, Compliance, Legal, and Operations. As a Risk Manager, you will own a portfolio of risk processes ...

New

Jump Trading

Risk Manager | Equities

New York, NY · On-site

$150K - $200K/yr

The department manages moment-to-moment risk for all trading teams and is responsible for ... Serve as the NYC go-to operational risk partner: set and monitor exposure limits and guardrails ...

AllianceBernstein

Private Wealth Risk Officer

New York, NY · On-site

$110K - $130K/yr

Partner with compliance, legal, operations, portfolio management, sales, fund accounting, and other groups to establish a robust control environment * Complete Risk Reviews for at-risk business ...

Crowe LLP

Third Party Risk Manager

New York, NY · On-site

... operational risk, privacy, and broader TPRM practices. The position will work within a Crowe team ... Managing and overseeing assessment teams, project timelines, and client deliverables across ...

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Operational Risk Manager information

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$47.2K

$121.2K

$237.9K

How much do operational risk manager jobs pay per year?

As of Jul 10, 2026, the average yearly pay for operational risk manager in Norwalk, CT is $121,162.00, according to ZipRecruiter salary data. Most workers in this role earn between $73,800.00 and $159,600.00 per year, depending on experience, location, and employer.

What Does an Operational Risk Manager Do?

An operational risk manager works to identify and limit the risk associated with a company’s operations. As an operational risk manager, your responsibilities involve assessing business operations, identifying issues, and creating reports on your findings. You then help develop policies and implement changes to lessen operational risks. Other duties include continually monitoring the business to find potential new threats and ensuring company compliance with laws and regulations.

What are the 4 pillars of operational risk management?

The four pillars of operational risk management are risk identification, risk assessment, risk mitigation, and risk monitoring. An Operational Risk Manager uses these pillars to develop strategies that minimize potential losses from internal processes, people, systems, or external events, often utilizing tools like risk dashboards and frameworks such as Basel II. Mastery of these pillars is essential for effective risk oversight and compliance.

What does an operational risk manager do?

An operational risk manager identifies, assesses, and monitors risks that could disrupt a company's operations, such as process failures, fraud, or system outages. They develop strategies to mitigate these risks, ensure compliance with regulations, and often use risk management tools and data analysis to support decision-making.

Do risk managers make good money?

Operational Risk Managers typically earn competitive salaries that vary by industry, experience, and location. According to industry data, the median annual salary ranges from $80,000 to over $130,000, with additional compensation such as bonuses and certifications like FRM or ORM enhancing earning potential.

What are some common challenges faced by Operational Risk Managers in maintaining effective risk controls across different departments?

Operational Risk Managers often encounter challenges in ensuring consistent risk controls due to varying processes, priorities, and risk appetites across departments. Communication gaps and resistance to change can make it difficult to implement standardized procedures. Successfully overcoming these challenges involves building strong cross-functional relationships, conducting regular training, and fostering a risk-aware culture to ensure alignment on risk management practices throughout the organization.

What are the three C's of operational risk management?

The three C's of operational risk management are Culture, Controls, and Communication. These elements help organizations identify, assess, and mitigate risks effectively, which is essential for an Operational Risk Manager to ensure operational resilience and compliance. Developing strong controls and fostering a risk-aware culture are key skills in this role.

What are the key skills and qualifications needed to thrive as an Operational Risk Manager, and why are they important?

To thrive as an Operational Risk Manager, you need a solid understanding of risk assessment, regulatory compliance, and internal controls, typically supported by a degree in finance, business, or a related field. Familiarity with risk management frameworks, GRC (governance, risk, and compliance) systems, and certifications such as FRM or ORM are highly valued. Strong analytical thinking, attention to detail, and effective communication skills set top performers apart in this role. These competencies are crucial for identifying, mitigating, and communicating operational risks, ensuring organizational stability and regulatory adherence.

What is the difference between Operational Risk Manager vs Risk Analyst?

AspectOperational Risk ManagerRisk Analyst
CertificationsCFA, FRM, or similarCFA, FRM, or similar
Work EnvironmentFinancial institutions, banks, insurance companiesFinancial firms, consulting, corporate risk teams
ResponsibilitiesIdentify, assess, and mitigate operational risks; develop risk frameworksAnalyze risk data, support risk assessments, prepare reports

The Operational Risk Manager focuses on managing and mitigating operational risks within organizations, often holding certifications like CFA or FRM. In contrast, Risk Analysts primarily analyze risk data and support risk management processes. Both roles are vital in financial sectors and share similar credentials, but the Operational Risk Manager has a broader responsibility for risk mitigation strategies.

More about Operational Risk Manager jobs
What are popular job titles related to Operational Risk Manager jobs in Norwalk, CT? For Operational Risk Manager jobs in Norwalk, CT, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in Norwalk, CT look for? The top searched job categories for Operational Risk Manager jobs in Norwalk, CT are:
What cities near Norwalk, CT are hiring for Operational Risk Manager jobs? Cities near Norwalk, CT with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Transaction Processing Operational Risk Manager - Vice President

Transaction Processing Operational Risk Manager - Vice President

Deutsche Bank

New York, NY • On-site

Full-time

Medical, Retirement, PTO

Re-posted 5 days ago

Deutsche Bank rating

7.7

Company rating: 7.7 out of 10

Based on 14 frontline employees who took The Breakroom Quiz

78th of 146 rated banks

Job description

Job Description:
Job Title Transaction Processing Operational Risk Manager
Corporate Title Vice President
Location New York
Overview
As a key member of the Operational Risk Management (ORM) team, you will join a critical function within the Bank's Chief Risk Office (CRO). Your role will be pivotal in providing expert Transaction Processing Risk management for one of the Bank's most essential operational areas, spanning all Divisions at Deutsche Bank. Leveraging your deep expertise, you will be empowered to challenge and influence risk decisions across the Firm. Ultimately, you will be instrumental in providing senior leadership with the clear insights needed to safeguard the Bank.
What We Offer You
  • A diverse and inclusive environment that embraces change, innovation, and collaboration
  • A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
  • Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
  • Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
  • Educational resources, matching gift and volunteer programs

What You'll Do
  • Reporting to the Director, Head of Americas ORM Portfolio / Head of Transaction Processing Risk (TPR), you will perform an SME role in TPR group as Risk Type Head (RTH), as well as embedding framework elements ensuring strategic alignment with the Bank's broader ORM framework
  • As the TPR RTH, you will perform in depth assessments of products, processes and risks, leveraging deep knowledge of associated products, businesses and markets
  • Interface directly with the Business and front-to-back stakeholders, as part of a wider ORM team and demonstrate the ability to advise and challenge Fixed Income and Corporate Banking TPR matters
  • Develop and refine sophisticated TPR reporting that deliver clear, concise, and actionable insights on the control environment to senior leadership and key stakeholders
  • Serve as a strategic partner to risk managers across the 1st and 2nd Lines of Defense (LoD), leading the synthesis of complex TPR data to provide a holistic view of the control environment's health and identify emerging risk themes
  • Represent the TPR function as a key subject matter expert in senior risk forums and regulatory engagements, confidently presenting materials and articulating the team's position on governance matters

How You'll Lead (VP and above)
  • Demonstrate thought leadership and ability to lead in a global matrix structure, even where stakeholders do not report to you
  • Show strong risk leadership through actions and communications

Skills You'll Need
  • Deep product knowledge across Rates, Credit, EM, FX, Commodities, Lending, Trust Services, Payments and a strong understanding of front-to-back system design; from pre-trade to settlement to lifecycle events and strong payments, clearing and settlement knowledge to address payments risks
  • Strong understanding of the impacts of TPR errors on the trading book and loan portfolios, and associated controls
  • A relevant degree is expected; advanced degrees and financial qualifications (e.g., CFA, CPA, ACA) are highly advantageous
  • Career background which includes Middle Office, Product Control, complex Operations roles, Business COO or Trading/Sales along with deep expertise in ORM principles, framework, and controls including risk appetite
  • Comprehensive understanding of the US financial regulatory landscape, particularly regulatory expectations related to transaction processing, operational resilience, and risk reporting

Skills That Will Help You Excel
  • Executive Communication & Influence: You deliver compelling, concise, and data-driven narratives to diverse audiences, including senior management and regulators. You don't just present information; you influence decisions and build consensus around complex risk topics
  • Strategic Relationship Builder: You forge and maintain robust partnerships with senior leaders across all Three Lines of Defense. You are seen as a trusted advisor who can navigate organizational complexities and facilitate collaborative, risk-aware outcomes
  • Resilience & Composure Under Pressure: You thrive in a dynamic, fast-paced environment, effectively managing competing priorities and tight deadlines. You maintain a high degree of professional composure, providing steady leadership during critical situations and high-stakes discussions
  • Proactive Ownership & Execution: You demonstrate a strong sense of ownership, moving beyond assigned tasks to proactively identify challenges and drive initiatives to completion. You are a highly organized, self-motivated leader who can manage a complex portfolio of work with autonomy
  • Relevant degree is expected; advanced degrees or financial qualifications (e.g., CFA, CPA, ACA) are highly advantageous

Expectations
It is the Bank's expectation that employees hired into this role will work in the New York office in accordance with the Bank's hybrid working model.
Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.
The salary range for this position in New York City is $125,000 to $222,500. Actual salaries may be based on a number of factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.
Deutsche Bank Benefits
At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That's why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!
Learn more about your life at Deutsche Bank through the eyes of our current employees https://careers.db.com/life
The California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Bank's California Privacy Notice please email HR.Direct@DB.com.
#LI-HYBRID
We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.
Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to view Deutsche Bank's Equal Opportunity Policy Statement and the following notices: EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; and Employee Polygraph Protection Act.

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About Deutsche Bank

Sourced by ZipRecruiter

Deutsche Bank is the leading German bank with strong European roots and a global network. We're driving growth through our strong client franchise. Against a backdrop of increasing globalization in the world economy, Deutsche Bank is very well-positioned, with significant regional diversification and substantial revenue streams from all the major regions of the world. We serve our clients' real economic needs in commercial banking, investment banking, private banking and asset management. We are investing heavily in digital technologies, prioritizing long term success over short-term gains, and serving society with ambition and integrity.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Social media

Twitter

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